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Residential Income Property with Terrace
For Sale
$1,395,000

16 W 16TH Street 7RS, New York City, NY 10011

Reconfigured two-bedroom cooperative residence with a renovated kitchen, flexible second bedroom, and extensive built-in storage.

Property SizeContact for details
Days on Market32

Property Features for 16 W 16TH Street 7RS

General Information

Standard status Active
Property subtype Apartment

Units

Unit Mix 1 x 2BR
Multifamily Units 1

Additional Details

Public Transit Yes

Amenities

full-time door staff
live-in superintendent
landscaped gardens
newly renovated lobby and hallways
bike storage
central laundry

Building Details

Year Built 1964
Listing Agency: Corcoran Group
Listed By: Dana Beil
Source: Nilelundgren
Added: Sep 8 Changed: Sep 28 Last Checked: Oct 7 at 5:02PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Corcoran Group

Investment Insights

Based on property information with market context.

Apartment 7RS is a two-bedroom residence in Chelsea Lane Cooperative, reconfigured from its original one-bedroom layout to add a second bedroom. The home includes a private terrace, an expansive living and dining area, and a king-sized primary bedroom with a walk-in closet plus two additional closets. The second bedroom incorporates a Murphy bed and fold-out desk, allowing the room to function as a guest room, office, nursery, or studio. A recently renovated kitchen offers substantial cabinetry and stainless-steel Bosch, LG, KitchenAid, and Fisher & Paykel appliances.

The cooperative was built in 1964 and provides full-time door staff, a live-in superintendent, landscaped gardens between its North and South Towers, renovated common areas, bike storage, and central laundry. The property is located in Manhattan’s Flatiron area near Union Square, Chelsea, Greenwich Village, and NoMad. Madison Square Park, the Union Square Greenmarket, restaurants, boutique shopping, and multiple mass-transit options are also nearby.

Key Highlights

  • Private terrace expands the home’s usable living space
  • Two‑bedroom layout created from an original one‑bedroom configuration
  • Renovated kitchen with Bosch, LG, KitchenAid, and Fisher & Paykel appliances

Property Analytics

Current Use

Magazine Perfect You, ... Photography Service Cohrssen A. Medical Clinic Dr. Francesco Leanza, ... Pediatrician Calman Neil S ... Pediatrician Dr German H ... Pediatrician

Suggested Use

Top Pick Nursing Home Auto Parts Store Auto Repair Shop Buffet Adult Day Care Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

51,396
Businesses Nearby

Demographics for 10011, NY

53,318
Population
35,049
Households
1.5
Avg Household Size
39
Median Age
79%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
88,863
Density / Sq Mi
$146,571
Median Household Income
$113,503
Median Earnings
$2,868
Median Rent
$1,165,800
Median Home Value
Rey
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Frequently Asked Questions

What type of property is this?
Residential income property - Reconfigured two-bedroom cooperative residence with a renovated kitchen, flexible second bedroom, and extensive built-in storage.
Where is this residential income property located?
The property is located at 16 W 16TH Street 7RS New York City, NY.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Private terrace expands the home’s usable living space; Two‑bedroom layout created from an original one‑bedroom configuration; Renovated kitchen with Bosch, LG, KitchenAid, and Fisher & Paykel appliances
More about this property
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